20 CHERRY STREET, Kitchener, Ontario, N2G2C5

Property Description

Opportunity Knocks! Value-Add Duplex with Major Mechanical Updates Completed. This 6 bedroom duplex is the perfect investment opportunity. Located just minutes from downtown Kitchener, Back to cherry park. Solid duplex offering tremendous upside for investors, renovators, or end users looking to build equity. While the property requires cosmetic updating, the big-ticket items have already been addressed - including roof, gas furnace, and updated electrical panel (breaker system) completed within the past 8 years. With the costly infrastructure improvements already done, this property provides the perfect opportunity to focus on interior/exterior upgrades and significantly increase value. The main floor features a 3 bedroom unit with one bathroom . Upstairs, you will find three good-sized bedrooms and a big living space on third floor with a four-piece bathroom. Two self-contained units offer income potential and flexibility. The basement provides additional space with potential for future development or possible additional unit, subject to municipal approvals and buyer due diligence. Situated on a generous lot with a large backyard, adding further long-term potential. A smart investment opportunity for those looking to renovate and maximize returns. With its prime location near downtown Kitchener, there is plenty of shopping, easy access to public transit, and lots of open spaces like Cherry Park, Victoria Park, and the Iron Horse Trail. Whether you're looking for a smart investment or a versatile space to live and work, this property is a rare find in the heart of the city. Book your showing today! This property is being sold as is. (id:64974)

Quick Facts

• Property Type: Duplex
• Bedrooms: 6 (6 above)
• Bathrooms: 2
• Attached: Yes
• Parking: 6 spaces (Detached Garage, Garage)
• Frontage: 40 ft (12.2 m)

Costs

• Annual Taxes: $4,992.48

Listing Provided by: HOMELIFE LANDMARK REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.